Global Environmental Noise Monitoring System Market Overview:
An environmental noise monitoring system is defined the systems which are widely used to measure the noise of the surrounding or a place. It provides a full range of noise monitoring solutions, which allowing our customers cost in addition to performance flexibility. In this system, it contains a wide range of power options, installation alternatives, as well as remote communications capabilities. It is widely used in various applications, for instance, industrial sites, airport noise, construction and boundary noise, road and rail transport noise, among others. Numerous benefits environment monitoring system, namely cost-benefit analysis of highway noise, environmental, economic analysis, cost-benefit analysis of aircraft noise, among others. The global environmental noise monitoring system market is anticipated to grow at a CAGR of 5.4 % during the forecast period.
As per latest study released by AMA Research, the Global Environmental Noise Monitoring System market is expected to see growth rate of 4.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increase in Government Funding for Noise Monitoring as well as Control and Increasing Installation of All in One Environmental Monitoring Solutions
Market Growth Drivers:
Occupational Hearing Impairment, Stringent Government Policies Awareness for Reducing Noise Pollution in Urban Areas, Noise Monitoring Systems to Optimize Profit in addition to Capacity on Airports, Government Authorities and Consultants Need for Data Accessibility and High Requirement for Noise Monitoring Infrastructure in Wind Plant, Petrochemical Industry, among others
Challenges:
Monitoring of the Underwater Noise Pollution and Data Security Issues on Cloud and Emerging Mobile-Based Apps for Noise Detection and Monitoring
Restraints:
Interoperability of the File Formats between Equipment as well as Analysis Software, Issue related to Distance of the Noise Monitoring Device from the Source, Lenient Approach of the Local Authorities in Developing Countries and Several Implementations Prove to Be Very Costly
Opportunities:
Lucrative Opportunities in Smart Cities and Data as a Service, Integrating Cloud-Based System for Remote Monitoring, Cumulative Need for Noise Monitoring for Rail Transit, Marine, and others and Mounting Demand from Emerging Economics Such As India, China and Others
Competitive Landscape:
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global environmental noise monitoring system market can witness an upsurge in the forecast period
Some of the key players profiled in the report are RION Co. Ltd. (Japan), Bruel & Kjaer (Denmark), Cirrus Research Plc (United Kingdom), Extech Instruments (United States), Pulsar Instruments (United Kingdom), 3M (United States), Nti-Audio (Liechtenstein), Castle Group Ltd. (United Kingdom), SKF Group (Sweden) and Kimo Instrument (Japan). Additionally, following companies can also be profiled that are part of our coverage like B&K Precision Corporation (United States), HT Instruments (Germany), ACOEM Group (France), SINUS Messtechnik GmbH (Germany), CESVA Instruments (Spain), Testo SE & Co. KGaA (Germany) and Casella Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Environmental Noise Monitoring System market by 2030. Considering Market by Connectivity, the sub-segment i.e. Wi-Fi will boost the Environmental Noise Monitoring System market. Considering Market by Solution, the sub-segment i.e. Hardware will boost the Environmental Noise Monitoring System market.
Latest Market Insights:
In August 2021, Brüel & Kjær (B&K), a leading acoustic instrumentation company, acquired Brüel & Kjær Vibro, a specialist in vibration monitoring solutions. This move aimed to strengthen B&K's position in the overall noise and vibration monitoring market.
In October 2022, Eco-Acoustics, a developer of bioacoustic monitoring technologies, was acquired by Emerson, a global automation and technology company. This acquisition aimed to integrate Eco-Acoustics' expertise into Emerson's environmental monitoring solutions portfolio.
What Can be Explored with the Environmental Noise Monitoring System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Environmental Noise Monitoring System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Environmental Noise Monitoring System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Environmental Noise Monitoring System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Environmental Noise Monitoring System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material and Manufacturing Equipment Suppliers, Component Manufacturers, Original Equipment Manufacturers (OEMS), Original Design Manufacturers (ODMS), Technology, Service, and Solution Providers, Suppliers and Distributors, System Integrators and Technology Investors, Research Institutes and Organizations and Market Research and Consulting Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.